By: Reid Wilson 6:00 am on June 2, 2015
Prodigy Network has filed applications to convert and expand the existing 15-story, 104,500 square-foot commercial building at 17 John Street, in the Financial District, to a 23-story, 194-key extended-stay hotel; office and retail space is also planned. The expanded building will measure roughly 149,600 square feet, and Mancini Duffy is designing. The existing building was acquired for $85 million in 2014, according to The Real Deal.

June 01, 2015 04:30PM
By Claire Moses
Real estate crowdfunding firm Prodigy Network officially applied to build its extended-stay hotel at 17 John Street, according to a permit application filed with the Department of Buildings on Monday.

Prodigy is planning to add eight stories to the existing 15-story Financial District building at the site. The building will span nearly 150,000 square feet. Prodigy bought the property for $85 million from Metro Loft Management last fall.

The project — which includes combining shared workspace with short-term rental apartments — is being supported through crowdfunding, as The Real Deal reported.

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The first floor, which is currently used for retail space, will include a restaurant, office space as well as a private lounge and bar.

The plan calls for 194 units. The rooms will be a mixture of short-term and long-term hotel rooms.

Mancini Duffy is the architect of record, the filing shows. Woods Bagot Architects is the design architect.